...Issue Corporate Finance Registration Mutual Fund and SPV Surveillance Supervision and Regulation of Markets and Issuer Companies Supervision and Regulation of Intermediaries Central Depository Enforcement Law Management Information Systems Research & Development Bangladesh Institute of Capital Market Future Planning Financial Statements of the Commission Annexure Commission and the Commission’s Officers PAGE 04 06 09 11 16 26 28 30 32 36 38 39 47 49 50 50 50 51 52 52 53 54 86 3 1. Chairman’s Statement Securities and Exchange Commission (SEC) was established on 8 June 1993 through enactment of the Securities and Exchange Commission Act, 1993. The objectives of the SEC are to develop the securities markets and to frame necessary rules and regulations of capital markets and issues and dealings in securities with a view to provide for protection of investors. After establishment, the Commission has played significant role in the overall development of the capital market and legal infrastructure in the capital market, introduction of automated trading system for securities transaction, deposit and transfer of securities electronically through...
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...b. Corporations and Partnerships 3 i. “Check-the-Box” Regulations 3 ii. Existence of a Separate Entity for Federal Tax Purposes 4 iii. Publicly Traded Partnerships 6 c. Trusts 6 d. Tax Policy Considerations 6 III. Introduction to Choice of Business Entity 7 PART 2: FORMATION OF A PARTNERSHIP 8 I. Contributions of Property 8 a. General Rules 8 b. Introduction to Partnership Accounting 11 II. Treatment of Liabilities: The Basics 15 a. Impact of Liabilities on Partner’s Outside Basis 15 b. Contributions of Encumbered Property 16 III. Contributions of Services 23 a. Introduction 23 b. Receipt of Capital Interest for Services 24 c. Receipt of a Profits Interest for Services 30 i. Current Law 30 ii. Proposed Regulations 31 IV. Organization and Syndication Expenses 32 PART 3: OPERATIONS OF A PARTNERSHIP: GENERAL RULES 34 I. Tax Consequences to the Partnership: Aggregate and Entity Principles 34 a. The Partnership as an Entity 34 b. The Taxable Year 34 II. Tax Consequences to the Partners 37 a. General Rules 37 b. Electing Large Partnerships 41 III. Limitations on Partnership Losses 41 a. Basis Limitations 41 b. At-Risk Limitations 42...
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...Opportunities for the Foreign Investor in U.S. Real Estate—If Planning Comes First Author: By Michael Hirschfeld and Shaul Grossman MICHAEL HIRSCHFELD is a partner, and Shaul Grossman is an associate, in the New York City office of the international law firm of Dechert. Mr. Hirschfeld is a member of the ABA Tax Section’s committees on Real Estate (of which he is the past Chair), Foreign Activities of US Taxpayers, and US Activities of Foreigners & Tax Treaties, among others, and has written for The Journal on many occasions. Copyright © 2000, Michael Hirschfeld and Shaul Grossman. The complexities of FIRPTA and the even broader withholding scheme that backs it up require that a nonresident acquire a thorough understanding of the rules before making an investment in real estate. The choice of whether to use an entity—and which one—or to hold the investment directly, as well as the type of investment—equity or debt—can have significant and sometimes expensive consequences. Edited By Sanford H. Goldberg, J.D., and Herbert H. Alpert, J.D. The global economy is a fact of life at the start of the new millennium. One consequence is that cross-border investments in real estate will expand significantly. Twenty years have elapsed since Congress enacted the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) to ensure that foreign investors are subject to at least one level of federal income tax when they dispose of U.S. real estate investments. Notwithstanding ...
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...| Lab 1: 1D Cellular Automaton | ECE 5760 | | Lucas Ackerman (lba36) Weiqing Li (wl336) | 9/16/2011 | Introduction The purpose of this lab was to design a hardware implementation of an elementary cellular automaton and display the evolving state of that automaton on a VGA screen (with a minimum resolution of 320x240). In the implementation, there was to be a way for the user to set the evolution rule which defined how each new generation formed from the previous generation. Additionally, the user should be able to press a button and display another screen with the next set of evolved states. The initial condition was to be selectable and either a single white cell in the center of the first generation or a random cellular automaton. In the proceeding sections we will discuss our implementation, the results, comparisons with natural phenomena and possible improvements to the design. Design and Testing Overview As mentioned above, the implementation of the 1D cellular automaton was completed in hardware and no software was designed. We used the Altera DE2 development board and the Cyclone II E2C35 FPGA. Since each cell of a new generation of the 1D cellular automaton is calculated by three cells from the previous generation and we wanted to generate the cellular automaton with hardware, a state machine running at 27Mhz was implemented to read from the memory, generate the new cell and store it back into memory. We also implemented a separate VGA interface...
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...Issue Corporate Finance Registration Mutual Fund and SPV Surveillance Supervision and Regulation of Markets and Issuer Companies Supervision and Regulation of Intermediaries Central Depository Enforcement Law Management Information Systems Research & Development Bangladesh Institute of Capital Market Future Planning Financial Statements of the Commission Annexure Commission and the Commission’s Officers PAGE 04 06 09 11 16 26 28 30 32 36 38 39 47 49 50 50 50 51 52 52 53 54 86 3 1. Chairman’s Statement Securities and Exchange Commission (SEC) was established on 8 June 1993 through enactment of the Securities and Exchange Commission Act, 1993. The objectives of the SEC are to develop the securities markets and to frame necessary rules and regulations of capital markets and issues and dealings in securities with a view to provide for protection of investors. After establishment, the Commission has played significant role in the overall development of the capital market and legal infrastructure in the capital market, introduction of automated trading system for securities transaction, deposit and transfer of securities electronically through...
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...Health Insurance Portability and Accountability Act Compliance Guide US Department of Health and Human Services Information Security Program Health Insurance Portability and Accountability Act (HIPAA) Compliance Guide September 14, 2005 Page i Health Insurance Portability and Accountability Act Compliance Guide US Department of Health and Human Services Table of Contents Table of Contents .......................................................................................... i Preface.........................................................................................................iii Document Change History ............................................................................iv 1. Introduction ....................................................................................... 1 1.1 1.2 1.3 1.4 2. 2.1 Purpose ........................................................................................... 1 Background...................................................................................... 1 Scope.............................................................................................. 2 Document Organization ..................................................................... 4 HIPAA Administrative Simplification Requirements ........................... 5 General Overview ............................................................................. 5 2.1.1 HIPAA Administrative Simplification Goals and Objectives ............. 5...
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...Safe Work Method Statements | WHS | Work Health and Safety | Practice and code PCBU | A Person Conducts a Business or Undertaking whether:- Alone or with others- Is conducted for profit or gainIt includes partnership or an incorporated association.Note: Employer is captured under the definition of PCBU(Refer to Subdivision 2, Section 5 of the WHS Act 2011). | PC | A PCBU that commissions a construction project is, thePrincipal Contractor (PC) for the project.If the person engages another PCBU as PC for theconstruction project and authorises the person to havemanagement or control to the workplace and to dischargethe duties of a PC, the person so engaged is the PC forthe project.Note: Construction projects can only one PC at anyspecific time.(Refer to Reg 293 of the WHS (NUL) regulations). | A Work Health and Safety (WHS) Legislation was developed as a result of acomprehensive national review into work health and safety laws across Australia, whichinvolved substantial public consultation. This initiative provided a framework to protectthe health, safety and welfare of all workers at work and of all other people who might beaffected by the work. The WHS Legislation (NUL) has beencommunicated acrossall Australia Jurisdictions, so that there is the same standard of health and safety protection, regardless of the work being undertaken or the location of that work. To improved WHS management on construction projects so safety awareness will increase amongst all personnel involved in the project...
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...Tax Research Memo #1 Martin Coldiron ACCT390-VIFF-F14 Annette Hoeltzer August 28, 2014 Tax Research Memo #1 Memo DATE: August 28, 2014 TO: Mr. Brent Ouray FROM: Martin Coldiron RE: Advising on filing status Facts: Brent and Kathy Ouray have been married since 1996. Starting in 2010 until current they both have been experiencing marital issues. They are presently not legally separated, but consider themselves to be estranged. Do you to be financial difficulties of Brent and Kathy they have not been able to go through with a divorce. They have three sons together that they both want to remain in their sons lives. So based on the financial concerns of both Kathy M Brent they are unable at this time to financially support to separate homes for them and the children, so they currently all still live in a single-family home in Chicago, Illinois. Brent and Kathy are both financially supporting their three sons and maintaining the upkeep of the house that they are all currently reside. While comparing Brent and Kathy’s annual income, Brent substantially earns more annually than Kathy. They both agree that even though they both support the children and maintain the home that Brent contributes more. In the current tax season Brent has stated that he would like to file a separate Federal Income Tax from Kathy and he would like to claim head of household as his status on the current year’s return. Brent feels that, if he and Kathy keep separate households while under the same...
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...JNZ JO JP JPE JPO JS JZ LAHF LDS LEA LES LODSB LODSW LOOP LOOPE LOOPNE LOOPNZ LOOPZ MOV MOVSB MOVSW MUL NEG NOP NOT OR OUT POP POPA POPF PUSH PUSHA PUSHF RCL RCR REP REPE REPNE REPNZ REPZ RET RETF ROL ROR SAHF SAL SAR SBB SCASB SCASW SHL SHR STC STD STI STOSB STOSW SUB TEST XCHG XLATB XOR Operand Types: REG: AX, BX, CX, DX, AH, AL, BL, BH, CH, CL, DH, DL, DI, SI, BP, SP. SREG: DS, ES, SS, and only as second operand: CS. Memory: [BX], [BX+SI+7], variable, etc… Immediate: 5, -24, 3Fh, 10001101b, etc... Notes: • When two operands are required for an instruction they are separated by comma. For example: REG, memory • When there are two operands, both operands must have the same size (except shift and rotate instructions). For example: AL, DL DX, AX m1 DB ? AL, m1 m2 DW ? AX, m2 • Some instructions allow several operand combinations. For example: memory, immediate REG, immediate memory, REG REG, SREG • Some examples contain macros, so it is advisable to use Shift + F8 hot key to Step Over (to make macro code execute at maximum speed set step delay to zero), otherwise emulator will step through each instruction of a macro. Here is an example that uses PRINTN macro: include 'emu8086.inc' ORG 100h MOV AL, 1 ...
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...TEACHER’S MANUAL to accompany CASES AND MATERIALS ON TAXATION OF BUSINESS ENTERPRISES Second Edition By Glenn E. Coven Mills E. Godwin Professor of Law College of William and Mary Robert J. Peroni Robert Kramer Research Professor of Law The George Washington University Richard Crawford Pugh Distinguished Professor of Law University of San Diego AMERICAN CASEBOOK SERIES® ® WEST GROUP A THOMSON COMPANY ST. PAUL, MINN., 2002 CHAPTER 1 INTRODUCTION Note to prior users: The order of this chapter has been revised. Users who wish to skip the introductory material and begin with the check-the-box regulations may now begin with paragraph 1075. [¶ 1000] A. HISTORY OF THE CORPORATE INCOME TAX This paragraph briefly summarizes the history of the corporate income tax. Some instructors may want to note here that the top corporate income tax rate reached a zenith in 1951 of 52 percent, before being reduced in 1964 to 48 percent, in 1978 to 46 percent, in 1986 to 34 percent (except for corporations with taxable incomes within a specified range that are subject to a top effective marginal rate of 39 percent). The maximum rate was raised in 1993 to 35 percent but only for a relative handful of generally publicly owned corporations earning over $10 million annually. [¶ 1005] B. COMPUTATION OF C CORPORATION'S TAXABLE INCOME This paragraph discusses the computation of a C corporation's taxable...
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...582 MAINE LAW REVIEW [Vol. 65:2 A NATIONAL “NATURAL” STANDARD FOR FOOD LABELING Nicole E. Negowetti * I. I NTRODUCTION What do Juicy Juice fruit punch, SunChips, Nature Valley granola bars, and Skinny Girl Margaritas have in common? These products are all branded with the term “natural.” From canned vegetables to cereals to soft drinks, the term “natural” has become one of the most common claims on foods, drugs, dietary supplements, and personal care products. The word “natural” on a label or in advertising brings to mind nature, and things that are pure, clean, healthy, 1 free of artificial additives, 2 and therefore safe, harmless, and beneficial to overall health. In 2011, “all-natural” was the second-most-used claim on new American food products. 3 The food industry’s marketing of such products has been extremely successful. In 2009, sales of products with a “natural” claim reached $22 billion, 4 and a recent study found that the “natural” claim is the most popular among consumers. When asked “which is the best description to read on a food label,” 31% of consumers selected “100% natural” and 25% selected “all natural ingredients.” 5 Although both the Food and Drug Administration (FDA) and U.S. Department of Agriculture (USDA) are statutorily mand ated to protect consumer interests by prohibiting false and misleading labeling, both agencies have refused to formally * Assistant Professor of Law, Valparaiso University Law School. I thank Whitney...
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...TEACHER’S MANUAL to accompany CASES AND MATERIALS ON TAXATION OF BUSINESS ENTERPRISES Second Edition By Glenn E. Coven Mills E. Godwin Professor of Law College of William and Mary Robert J. Peroni Robert Kramer Research Professor of Law The George Washington University Richard Crawford Pugh Distinguished Professor of Law University of San Diego AMERICAN CASEBOOK SERIES® ® WEST GROUP A THOMSON COMPANY ST. PAUL, MINN., 2002 CHAPTER 1 INTRODUCTION Note to prior users: The order of this chapter has been revised. Users who wish to skip the introductory material and begin with the check-the-box regulations may now begin with paragraph 1075. [¶ 1000] A. HISTORY OF THE CORPORATE INCOME TAX This paragraph briefly summarizes the history of the corporate income tax. Some instructors may want to note here that the top corporate income tax rate reached a zenith in 1951 of 52 percent, before being reduced in 1964 to 48 percent, in 1978 to 46 percent, in 1986 to 34 percent (except for corporations with taxable incomes within a specified range that are subject to a top effective marginal rate of 39 percent). The maximum rate was raised in 1993 to 35 percent but only for a relative handful of generally publicly owned corporations earning over $10 million annually. [¶ 1005] B. COMPUTATION OF C CORPORATION'S TAXABLE INCOME This paragraph discusses the computation of a C corporation's taxable...
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...Information form for foreign citizens applying for SU You have now applied for SU in minSU. Please notice: if you have not yet applied for SU, you must do so before applying for equal status with Danish citizens on this form. You must satisfy one of the conditions to be granted equal status. Read about the conditions: • • www.su.dk > SU > English > SU as a foreign citizen > Equal status according to Danish rules www.su.dk > SU > English > SU as a foreign citizen > Equal status according to EU law 1 First name To be completed by the educational establishment Institution code Field of study code Last name Received by educational establishment Day Month Year 2 Danish civil reg. no. (CPR) _ Address/stamp of educational establishment 3 Nationality Nationality, state name of country or ”stateless” .................... 4 Residence permit/work permit Do you have a residence permit from the Danish Immigration Service? .................................................................................. If Yes, you must enclose a copy of all permits you have received since you came to Denmark Yes No Do you have a work permit from the Danish Immigration Service? .................................................................................. If Yes, you must enclose a copy of all permits you have received since you came to Denmark. Do you have a registration certificate proving that you are an EU/EEA citizen from the State Administration...
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...Estate and Gift Tax Outline Repetti Fall 2013 Boston College Law School Casebook: Federal Wealth Transfer Taxation, 6th Edition Table of Contents Filing Returns 3 Gift Tax: 3 Estate Tax: 3 Generation-Skipping Tax: 3 Statutes of Limitations, Interest, Penalties: 3 Computation of the Estate and Gift Tax 3 General Description of Gift Tax: 4 General Description of the Estate Tax: 4 Role of State Law 4 Scope of the Estate Tax 5 Beneficial Ownership and § 2033: 5 Interests Arising at Death 5 “Property” versus “Expectancy” 6 Bank Deposits, Checks, and Notes 6 Right to Accrued Payments 7 The Scope of the Gift Tax: §§ 2501 and 2511 7 Is There a “Transfer” of “Property?” 7 Interest-Free Loans and Rent-Free Use of Other Assets 8 When is the Transfer “Completed?” 8 Transferred Interest Incapable of Valuation 9 Indirect Transfers 10 What is a “Gift”? 10 Donative Intent and “Adequate and Full Consideration” 10 Transfers of Property in Satisfaction of Marital Rights 11 Dower and Curtesy Interests in the Gross Estate 11 Marital Rights as Consideration 11 Transfers Incident to Separation and Divorce 12 Transfers with Retained Powers and Rights 13 Transfers with Retained Life Estates: § 2036 13 Reciprocal Trusts 14 Retention of Right to Income from Property: § 2036(a)(1) 14 Retention of Possession or Enjoyment of the Property: §§ 2036(a)(1) and 2036(b) 14 Retention of Power to Designate Who Shall Possess or Enjoy the Property:...
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...the transaction meet the requirements of a like-kind exchange? Authorities: IRC § 1001 (c) IRC §1031 (a)(1) IRC §1031 (a)(3) IRC Reg. § 1.1031(k)-1(b)(2)(i)) Rev. Proc. 2000-37, 2000-2 C.B. 308 Rev. Proc. 2004-51, Conclusion: Twinbrook Corporation did a transaction that does not qualify as a like-kind exchange because they obtained the new property for three months before disposing the old property. However, the exchange could qualify for the like-kind exchange if they went through an exchange facilitator. Analysis: IRC §1031 (a)(1) states that a company would not recognize a loss or gain in a qualifying like-kind exchange. In this case Twinbrook Corporation would not recognize the loss if the transaction would qualify as a like-kind exchange. Both manufacturing facilities are classified as real property; therefore, the two facilities are considered like-kind property. The problem is that the company used cash as part of the transactions and did not go through a third party intermediary; therefore, Twinbrook Corporation does not qualify for a like-kind exchange. IRC § 1001 (c) simply states that a gain or loss on the sale of a qualified property for cash be recognized and that it does not become part of a qualifying exchange under section 1031 (a) even when the cash received on the property is invested into like property. IRC Reg. § 1.1031(k)-1(b)(2)(i)) defines the requirements for a deferred like-kind...
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